The Lead Untangles: The case for a wealth tax

As the economy continues to tick along, slowly, there's calls for the Chancellor to give herself 'fiscal headroom' by taking more from the nations wealthiest few. How would that work?

Photo by Fabian Wiktor on Unsplash

At a glance facts

There are growing calls for a wealth tax as an alternative to Rachel Reeves’s current plans to balance the books through harsh cuts in welfare spending and elsewhere.

Campaigners at Tax Justice UK and Patriotic Millionaires are advocating a 2 per cent wealth tax on assets over £10 million to raise up to …